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24.02.2025 10:26 AM
Technical Analysis for the Week of February 24-28: EUR/USD
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Trend Analysis (Fig. 1)This week, the market may rise from 1.0459 (last week's closing price) toward 1.0573, which represents the 38.2% retracement level (yellow dotted line). If this level is tested, the price could continue its upward movement toward 1.0597, a historical resistance level (blue dotted line).

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Comprehensive Analysis

  • Indicator Analysis: Bullish
  • Fibonacci Levels: Bullish
  • Volume Analysis: Bullish
  • Candlestick Analysis: Bullish
  • Trend Analysis: Bullish
  • Bollinger Bands: Bullish
  • Monthly Chart Outlook: Bullish

Conclusion: Uptrend Expected

Based on comprehensive analysis, the EUR/USD pair is expected to maintain an upward trajectory throughout the week. The projected weekly candle is likely to form without a lower shadow (indicating an upward Monday movement) but may develop an upper shadow by Friday, signaling a possible pullback.

Alternative Scenario

If the pair rises from 1.0459 to 1.0532 (upper fractal, blue dotted line), it may then reverse downward toward 1.0480, which corresponds to the 14.6% Fibonacci retracement level (blue dotted line).

Stefan Doll,
Analytical expert of InstaTrade
© 2007-2025

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